Current Report Filing (8-k)
September 07 2021 - 4:13PM
Edgar (US Regulatory)
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0000907471
2021-09-03
2021-09-03
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UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13
OR 15(d) of the
Securities Exchange Act
of 1934
Date of Report (Date of
earliest event reported): September 3, 2021
META FINANCIAL GROUP,
INC.
(Exact name of registrant
as specified in its charter)
Delaware
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0-22140
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42-1406262
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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5501 South Broadband
Lane, Sioux Falls, South Dakota 57108
(Address of principal
executive offices) (Zip Code)
Registrant’s telephone
number, including area code: (605) 782-1767
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d- 2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
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Securities registered pursuant to Section
12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which
registered
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Common Stock, $.01 par value
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CASH
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The NASDAQ Stock Market LLC
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Indicate by
check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of
this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth
company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
On September 3, 2021, the Board of Directors of Meta Financial Group
(the “Company”) authorized a new stock repurchase program (the “Repurchase Program”) pursuant to which the Company
may repurchase up to 6,000,000 shares of the Company’s outstanding common stock on or before September 30, 2024.
Under its current stock repurchase program, which expires on December
31, 2022, the Company has purchased 5,949,827 shares of the 7,500,000 total shares authorized for repurchase. The Company may repurchase
the remaining 1,550,173 shares under the current stock repurchase program on or before December 31, 2022.
The Company may purchase shares of its common stock on the open market
and/or privately negotiated transactions. Open market repurchases will be made in accordance with applicable securities laws and regulations
and may be effected pursuant to Rule 10b5-1 trading plans. The manner, timing and amount of any stock repurchases will be determined by
the Company based on its evaluation of various factors, including its assessment of alternative uses of capital, the Company’s stock
trading price, general market and economic conditions, regulatory requirements and other business and legal considerations. The Repurchase
Program does not obligate the Company to acquire any particular amount of its common stock or to acquire shares on any particular timetable
and may be suspended or discontinued at any time at the Company’s discretion.
A copy of the press release issued by the Company on September 7, 2021,
announcing the Repurchase Program is included as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.
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Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits.
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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META FINANCIAL GROUP, INC.
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Date: September 7, 2021
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By:
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/s/
Glen W. Herrick
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Glen W. Herrick
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Executive Vice President and Chief Financial Officer
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